CoastalSouth Bancshares, Inc. filings document the public-company disclosures of a bank holding company whose wholly owned subsidiary is Coastal States Bank. Recent Form 8-K reports furnish quarterly operating results, financial-condition updates, investor presentation materials under Regulation FD, and board-authorized capital actions such as common-stock repurchase programs.
The company's proxy and governance filings cover annual shareholder meeting matters, director elections, auditor ratification, board appointments and director departures. These records also disclose share-voting outcomes, committee-related governance information, and related-party banking relationships when they are material to board independence or Regulation S-K disclosure.
CoastalSouth Bancshares, Inc. reported first quarter 2026 net income of $6.3 million, or $0.51 per diluted share, down from $7.1 million ($0.58) in the prior quarter but up from $5.1 million ($0.47) a year earlier. Net interest income was $19.7 million with a net interest margin of 3.59%, essentially flat sequentially and higher than the prior year. Total assets reached $2.35 billion and total deposits rose to $2.06 billion, driven by $117.9 million growth in core deposits while brokered certificates of deposit fell $48.4 million. Loans held for investment grew modestly to $1.63 billion, supported by $166.7 million in new production.
Asset quality remained strong, with net charge-offs at 0.01% of average loans and nonperforming assets at 0.77% of total assets; the allowance for credit losses on loans was 1.16% of loans and covered nonperforming loans by 103.54%. Book value per share increased to $21.94 and tangible book value per share to $21.52. The board declared a quarterly cash dividend of $0.05 per share, payable May 28, 2026 to shareholders of record as of May 14, 2026.
CoastalSouth Bancshares, Inc. director Fraser John Simon filed an initial statement of beneficial ownership. He reports 8,866 shares of Common Stock held directly, plus 3,000 shares held indirectly through an IRA and 1,000 shares held indirectly through the Carolyn B Fraser Trust.
He also holds restricted stock units that are convertible into 868 shares of Common Stock on a one-for-one basis. These RSUs carry a zero exercise price and are scheduled to vest 100% on 12/31/2026.
CoastalSouth Bancshares, Inc. is asking shareholders to vote at its 2026 Annual Meeting on April 23, 2026 at its Atlanta headquarters. Shareholders of record as of March 5, 2026 may vote.
The agenda includes electing eleven directors for one-year terms and ratifying Elliott Davis, LLC as independent registered public accounting firm for the year ending December 31, 2026. As of the record date, 11,853,258 shares of voting common stock were outstanding.
The proxy details board composition, committee structures, director independence determinations under NYSE rules, related-party policies, and 2025 compensation for named executive officers, including salary, cash bonuses and time-vested RSU awards granted under the Omnibus Incentive Plan.
CoastalSouth Bancshares, Inc. describes a growing community bank headquartered in Atlanta with 11 branches across South Carolina and Georgia plus four specialty lending lines. Through Coastal States Bank and its mortgage subsidiary, it targets small and mid-sized businesses, real estate borrowers and consumers.
As of December 31, 2025, the company reports $2.31 billion in total assets, $1.62 billion in loans held-for-investment, $1.99 billion in deposits and $259.5 million in shareholders’ equity. Loans held-for-sale were $170.9 million. As of March 5, 2026, common shares outstanding were 11,985,414.
The deposit base is positioned as a key funding advantage, with a total weighted average deposit cost of 2.71% and $1.68 billion, or 84.6%, labeled core deposits at year-end 2025; brokered deposits were $307.3 million. The company highlights concentration in commercial and real estate lending, emphasizes liquidity and interest rate risk management, and outlines extensive regulatory, capital, and consumer-compliance frameworks.
CoastalSouth Bancshares, Inc. President and CEO Stephen R. Stone reported an open-market purchase of 200 shares of common stock at $24.15 per share. Following this transaction, he directly owns 120,385 common shares and indirectly holds 4,830 shares through an IRA.
CoastalSouth Bancshares, Inc. appointed J. Simon Fraser to its Board of Directors effective February 26, 2026. His initial term runs until the 2026 Annual Meeting of Stockholders, when he will be considered for a one-year term.
Following the 2026 Annual Shareholder Meeting, Mr. Fraser is expected to join the Audit Committee and the Nominating and Governance Committee. The Board determined that he is an independent director under SEC rules and New York Stock Exchange listing standards. The company’s banking subsidiary has ordinary-course loan relationships with Mr. Fraser on terms comparable to non-related customers.
Fourthstone LLC and related funds report beneficial ownership of 959,797 shares of CoastalSouth Bancshares, Inc. common stock, representing 8.01% of the outstanding class. The shares are held by Fourthstone on behalf of advisory clients.
The ownership percentages are based on 11,978,921 CoastalSouth common shares outstanding as of November 5, 2025, as reported in the company’s Form 10-Q. The reporting persons state the position was acquired and is held in the ordinary course of business, not to change or influence control of CoastalSouth.
CoastalSouth Bancshares CFO and COO Anthony P. Valduga received a grant of 10,000 restricted stock units on February 11, 2026. These RSUs convert into common stock on a one-for-one basis. The award vests in stages: 33% on February 11, 2027, 33% on February 11, 2028, and 34% on February 11, 2029.
After this grant, Valduga directly beneficially owns 10,000 derivative securities tied to CoastalSouth common stock, reflecting equity-based compensation aligned with multi-year service.
MACLEOD JAMES S reported acquisition or exercise transactions in a Form 4 filing for COSO. The filing lists transactions totaling 1,189 shares. Following the reported transactions, holdings were 1,189 shares.